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Online Share Trading

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MSM

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Preston
Super Contributor
Time to take profit or maybe to go short.
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25 REPLIES 25
Preston
Super Contributor
although i am not a fan of biting the hands that feeds you (i.e shortening good quality share)
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md49
Contributor
Can you short a CFD? or just SSF?
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manere_fortis
Frequent Contributor
md, on this trading platform short on MSM only available via SSF
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Preston
Super Contributor
You can short both. Select the "sell" option.
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Rams
Super Contributor
No Short positions on CFD for MSM 0n this platform.....
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Preston
Super Contributor
@ Rams,I can see a short position ,select the "Sell" option on MSMcfd,or you may not have a CFD trading account.
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Preston
Super Contributor
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manere_fortis
Frequent Contributor
Preston, I am only a relative newcomer, so am hesitant to tell an old timer how it is. However this is how it works. There is a sell button, but when you press it, you will get a message which says "maximum no available to sell = 0"
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Prestonmyhusban
Regular Contributor
lol.Enter "1" for now.
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sponono
Super Contributor
so, what did u eventually do Pre-stone?
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Preston
Super Contributor
@spo no no, could not short it. Waited for it to fall and went long at R126.50. This is a short term punt. Shares is still very bearish. Will exit sometime today.
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md49
Contributor
why do you say bearish Preston? was also considering a long today.....good call on the short though!
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Preston
Super Contributor
md, do not go long on this share.
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Preston
Super Contributor
Sold long for R3000 profit.
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Prestonmyhusban
Regular Contributor
md , you can start nibbling now. Keep 139.99 as your profit exit price and R129 as your stop loss. Ideally if you can get a pullback to R132 or R133, then take the price. NB Remember money management.
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Preston
Super Contributor
Previous comment is from me and it is for going long on msm.
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Penny_Pincher
Super Contributor
Oscillators do not indicate major oversold position, no divergence noticeable, candle on daily, engulfing,resistance at +-R 139, if trading have a close look at resistance level. If investor, well what do the fundamentals tell you?
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Penny_Pincher
Super Contributor
Apologies, oscillators not too hot, if you are trading and in profit position I would take what I can get.
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Penny_Pincher
Super Contributor
Apologies, oscillators not too hot, if you are trading and in profit position I would take what I can get.
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